15th Jun 2017 12:13
TUI AG / Disposal TUI AG: TUI COMPLETES SALE OF TRAVELOPIA TO KKR 15-Jun-2017 / 13:12 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement. On 13 February 2017, TUI AG announced that it had reached an agreement with Kohlberg Kravis Roberts & co. L.P. ("KKR") to sell Travelopia for an enterprise value of £325m (EUR369m 1) (the "Transaction"). All conditions and regulatory approvals have now been satisfied and the Transaction has completed.
1 Based on the GBP/EUR rate of 1.1368 as at 14 June 2017; excludes a maximum of £3.1m (EUR3.5m) contingent consideration payable within three years of completion. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de/ukreg |
| Language: | English |
| Company: | TUI AG |
| Karl-Wiechert-Allee 4 | |
| 30625 Hannover | |
| Germany | |
| Phone: | +49 (0)511 566-1425 |
| Fax: | +49 (0)511 566-1096 |
| E-mail: | [email protected] |
| Internet: | www.tuigroup.com |
| ISIN: | DE000TUAG000, DE000TUAG281, DE000TUAG299 |
| WKN: | TUAG00 , TUA G28, TUA G29 |
| Listed: | Regulated Market in Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt; London |
| Category Code: | DIS |
| TIDM: | TUI |
| LEI Code: | 529900SL2WSPV293B552 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 4305 |
| End of Announcement | EQS News Service |
583337 15-Jun-2017
UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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